Myanmar: Shampoo Market 2024

Shampoo Market Size in Myanmar

After two years of decline, the Myanmar's shampoo market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2021, and then dropped sharply in the following year.

Shampoo Production in Myanmar

In value terms, shampoo production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Shampoo production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Shampoo Exports

Exports from Myanmar

In 2022, shipments abroad of shampoos decreased by X% to X kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a sharp reduction. The smallest decline of X% was in 2020. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, shampoo exports shrank significantly to $X in 2022. Over the period under review, exports recorded a dramatic slump. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Armenia (X kg) was the main destination for shampoo exports from Myanmar, accounting for a X% share of total exports. Moreover, shampoo exports to Armenia exceeded the volume sent to the second major destination, Turkey (X kg), sixfold. South Korea (X kg) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Armenia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and South Korea (X% per year).

In value terms, Armenia ($X) emerged as the key foreign market for shampoos exports from Myanmar, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Armenia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average shampoo export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price recorded a deep slump. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Shampoo Imports

Imports into Myanmar

In 2022, approx. X tons of shampoos were imported into Myanmar; dropping by X% compared with the previous year's figure. Overall, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, shampoo imports reduced markedly to $X in 2022. In general, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of shampoo to Myanmar, accounting for a X% share of total imports. Moreover, shampoo imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of shampoos to Myanmar, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average shampoo import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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